Above, Dillard's CEO William Dillard II. Dillard's Inc. of Little Rock has reached an agreement with Barington Capital Group over Barington's efforts to elect four nominees to Dillard's board of directors.

James Mitarotonda, the hedge fund investor who has criticized Dillard's Inc. of Little Rock since last summer, tells ArkansasBusiness.com that he's pleased with the agreement his firm reached with the department chain on Tuesday.